The index managed to break our identified resistance and ended up 10 points lower than the high at 6880
(our analysis is 6870). The updated chart above showed how the PSEi reacts after testing the lower fan
line of the Fibonacci Fan (encircled in Red). However, i am having mixed signals here, albeit the potential
to go down just like the previous, is showing the possibility to reach 6940 to 6990. Should the fan line
gets respected, initial support to watch is 6700, and should this hold, the above mentioned upside may
still materialise. Failure to reach 6950, at least, or hold 6700 support, this could send this down to 6470.
Ichi Moku
www.iamichimoku.com
Please find below list of securities that are showing some potential movement in the coming week/s. You
can refer to previous weeks newsletters to refer to those securities that may continue movement this
week, if any. Observe and act accordingly based on your trading plan.
Ticker
Price
Resistance
Target Price
(Initial/Maximum)
Cut Loss
ABS
54.3
54.8
56.7
53.8
ALT
3.74
3.8
4.02
3.56
ANI
5.13
5.7
4.87
BEL
3.01
3.21
4.11
2.94
EDC
5.82
5.86
6.02
5.72
FGEN
21.1
21.2
22.3/23.2
20.3
IS
0.165
0.172
0.36
0.15
JFC
217.8
218
227/233
211
LBC
8.8
9.05
10.5
8.3
LMG
1.9
1.91
2.15
1.8
LPZ
5.57
5.88
6.4
5.4
MARC
1.81
2.01
2.37
1.73
NOW
0.73
0.764
0.84
0.68
PGOLD
34.1
34.4
39.2
33.4
PNB
52.4
53.2
58/69
50.8
PNX
3.75
3.82
3.62
PSPC
1.56
1.73
1.9/2.3
1.51
PXP
1.81
1.84
2.13/4.3
1.7
RRHI
63
63.5
68
61.4
SFI
0.151
0.157
0.167
0.149
UNI
0.29
0.31
0.34
0.28
VUL
1.04
1.05/1.1
1.23
1.0
13.58
14.1
15
13.3
Ichi Moku
www.iamichimoku.com
Disclaimer The material on this document has no regard to the specific investment objectives,
financial situation, or particular needs of any individual. This document is published solely for
informational purposes. Under no circumstances shall the author be held liable for any decision
or action taken in reliance upon the information provided herein. This document is authored by
Ichi Moku using a pseudonym, and he shall remain anonymous. Investors and speculators
are urged to do their own independent due diligence and to consult with licensed, qualified
investment professionals before making any investment decisions.
Ichi Moku
www.iamichimoku.com